Hedra raised $10 million in seed funding led by Index Ventures, Abstract, and A16Z Speedrun to enhance its AI video creation platform.

Aug 01, 2024•over 1 year ago

Amount Raised

$10 Million

Round Type

seed

San FranciscoMachine LearningVideoArtificial Intelligence

Investors

A16 Z SpeedrunAbstractIndex Ventures

Description

Hedra, a new AI video platform, raised $10 million in seed funding, fueled by the growing interest in generative AI products. The funding will support the launch of its video-focused foundation model Character-1, designed to streamline content creation for marketers and creators.

Company Information

Company

Hedra

Location

San Francisco, California, United States

About

Hedra is an AI video creation platform founded by former employees of Nvidia, Google, and Meta. It recently raised $10 million in seed funding to support its generative AI-powered video creation products. Hedra has introduced Character-1, the fastest video foundation model on the market, enabling over 350,000 users to create more than 1.6 million videos. The platform aims to enhance content creation by integrating story, sound, and video generation into one unified workflow.

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